Gold gains over 1.5% despite firm US yields as markets digest US fiscal downgrade, Fed caution, and global rate cuts.Moody’s downgraded US credit rating from AAA to AA1 last Friday, dampening risk sentiment and boosting Gold demand.Fed officials … [Continue reading]
Gold Price Forecast: XAU/USD aiming for $3,300 amid concerns about the US economy
XAU/USD Current price: $3,280.87Central banks keep citing US President Trump's policies as a source of concern.The US Congress will discuss a bill on tax cuts, which will add to the country’s massive debt.XAU/USD pressures fresh one-week highs, … [Continue reading]
US Dollar turns flat towards US session on Tuesday
The US Dollar Index turns flat after briefly testing the 100.00 mark.Markets are seeing the stable US image dented after Trump says the US might walk away for good from Russia-Ukraine peace talks. The US Dollar Index stable above for now 100.00, … [Continue reading]
Eurozone Current Account n.s.a up to €60.1B in March from previous €33.1B
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Japanese Yen recovers modest Asian session losses amid hawkish BoJ expectations
The Japanese Yen reverses a major part of the modest Asian session downtick amid BoJ rate hike bets.Dovish Fed expectations keep the USD bulls on the defensive and benefit the lower-yielding JPY. Receding safe-haven demand caps any further JPY … [Continue reading]
USD/CAD remains weak near 1.3950 ahead of Canadian CPI release
USD/CAD weakens to around 1.3950 in Tuesday’s early Asian session.Moody’s downgrades the US credit rating to ‘AA1’, weighing on the US Dollar.A dovish turn from the BoC has fueled speculation of a June rate cut. The USD/CAD pair softens to near … [Continue reading]
Dow Jones Industrial Average rebounds after Moody’s downgrades US debt
The Dow Jones rose on Monday, tapping the 42,800 region.Moody’s downgraded US debt late last week, sparking a brief hesitation in investor sentiment.Fedspeakers are working double duty ahead of US PMI data later this week.The Dow Jones Industrial … [Continue reading]
Pound Sterling strengthens ahead of UK CPI data
The Pound Sterling gains against its major peers on Monday ahead of a potential trade deal between the UK and the EU later in the day.Moody’s downgrade of the US Sovereign credit rating has battered the US Dollar.According to analysts, the Fed is … [Continue reading]
RBA: Will it or won’t it? – Commerzbank
Tomorrow morning, the Reserve Bank of Australia (RBA) will decide on its key interest rate. The market is pricing in a rate cut of 25 basis points to 3.85%. Hard to be sure whether this step will actually come, as some developments are likely to … [Continue reading]
Gold price retreats to the lower end of daily range; downside potential seems limited
Gold price attracts some intraday sellers following an Asian session uptick to the $3,250 area.Rising US bond yields undermine the commodity, though the downside remains cushioned.Reviving safe-haven demand, Fed rate cut bets, and a softer USD … [Continue reading]